Oak Technology (OAKT) Message Board

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Technology Stocks : Oak Technology (OAKT)

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To: Gary John Faulkner who wrote (3510)	11/7/1997 8:47:00 AM
From: Michael H. Dragon	Read Replies (1) of 4335

Gary,I beleive it is a little less than $5.00/share, something like $4.60/share,at any rate it is considerable.I love it if they would decide to come out with a statement like they will purchase up to 20% of the outstanding shares depending on market conditions.They wouldn't have to repurchase that much but just the statement with the phrase up to could do wonders for the stock price.Also I don't beleive the stock is under heavy selling pressure it appears to me that accumulation has been going on for a while now.The stock was relectively stable yesterday on low volume until the last 45 minutes or so,seems like alot of buyers at the $9.00 level.I still think we'll see $12.00/share within 3 months time.One of the safest stocks around under these market conditions.The downside is quite limited in my opinion. Mike

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